SEC Issues 21CDI Report; Comm. Cap Mkt Reg Issues Rec's
The SEC completed the first phase of its 21st Century Disclosure Initiative (21CDI) by releasing this report on Friday. The nature and timing of the launch of phase 2 of the initiative – formation of an advisory committee to consider the report's recommendtions and further action – may be impacted by the fact that a new SEC chair is waiting in the wings, and in light of other regulatory priorities.
Separately, the private sector Committee on Capital Markets Regulation (informally referred to as the 'Paulson Committee' when it was first formed a couple of years ago) issued some updated recommendations last week.
Read more about these developments here.